technology blog forthtechno.com

Reddit Unstoppable: Increases Company Value to $ 3 Billion

The value of Reddit, one of the world’s largest social media platforms, increased by $ 300 million.

Reddit, which is one of the most popular platforms in the world, adds value to its value since it took the investment of $ 200 million. According to a statement Monday, the platform increased by $ 300 million to $ 3 billion. The value of the site in 2017 was $ 1.8 billion.

The platform, which is one of the largest social media in the world, was criticized in the past for its looser regulations on controversial issues such as hate speech and virtual piracy. However, in order to have a better advertising model, the platform started to ’clean reklam in recent years and attracted the attention of advertisers.

Reddit is a platform with a number of active monthly subscribers of 330 million, which is almost the same level as Twitter. But it has not yet been so effective in making money. According to CNBC, the company’s annual earnings are around $ 100 million.